It's easier than you think! Start forecasting in less than an hour.
Engineers and technicians forecast production to plan for the future, budget revenue, inform partners and investors, estimate reserves, plan for new wells... and the list goes on.
Most of this is painstakingly done in static Excel spreadsheets. These are slow to update, tough to iterate on, and the results are not interactive or easy to share with others.
Production forecasting is an important part of your job, but it doesn't have to be a time consuming part!
Take advantage of Spotfire's interactive, user-friendly features to quickly create, visualize, and adjust forecasts on the fly!
This video shows forecast model in action - the exact same forecasting model you'll build in this training. See how you can adjust the Arps decline curve parameters such as the initial production rate, decline rate, and b-factor.
>> Quickly generate forecasts by modifying custom-built input parameters
>> Write simple but powerful TERR scripts
>> Setup and execute Data Functions
>> Create and adjust Property Controls
>> Insert Calculated Columns
>> Export forecast data for external reporting or analysis
>> Understand how this works "under the hood"
>> Fix the model when something breaks
>> Tweak and customize it for your exact needs
>> Apply the concepts you've learned to create other analytic tools
>> Increase your Spotfire knowledge
>> Impress your boss and colleagues
I’ve spent the time building this Spotfire model, re-working it, and making sure it can be built quickly and intuitively. Take advantage of the time I’ve spent, and let me show you a fast, simple way to setup a forecast model in Spotfire.
It takes less than an hour to go through this training. Do yourself a favor: skip the tinkering and learn it today!
Kyle LaMotta has 9 years of oil & gas engineering experience, including 7 years with a large oil and gas company and 2 years starting and running his own business. He specializes in industry-specific Spotfire training and consulting. Kyle has a BS in Mechanical Engineering and an MBA.
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